Europe Construction Market Outlook
According to a new report by Expert Market Research titled, “Europe Construction Market Size, Share, Analysis, Report and Forecast 2024-2032″, the Europe construction market reached a value of around USD 2,752.75 billion in 2023. Aided by the increasing need for housing and the rising applications of advanced construction technologies, the market is projected to further grow at a CAGR of 4.9% between 2024 and 2032 to reach a value of USD 4,233.96 billion by 2032.
Construction, comprising both residential and non-residential segments, is a significant economic sector in Europe. It involves the planning, design, and execution of structures and buildings. This sector plays a vital role in providing housing, infrastructure, and commercial spaces that are key to societal growth and prosperity. Apart from its direct applications, construction stimulates various related industries, such as manufacturing, real estate, and services.
The increasing demand for housing is driving the Europe construction market growth. With growing urbanisation and population, there has been a significant rise in the demand for residential buildings. Additionally, the trend of urban regeneration has further contributed to the increasing demand for construction, as old buildings are being replaced or renovated. Additionally, implementation of a number of beneficial policies and investments by governments to improve housing infrastructure and provide housing for the most vulnerable section is promoting the expansion of the Europe construction market.
The expanding applications of advanced technologies in construction is also a significant factor propelling the market. For instance, Building Information Modelling (BIM) is increasingly used for efficient planning and management of construction projects. Furthermore, the use of advanced materials and construction techniques is enhancing the durability and energy efficiency of buildings.
Get a Free Sample Report with Table of Contents: https://www.expertmarketresearch.com/reports/europe-construction-market/requestsample
The growing focus on sustainable construction practices is another factor boosting the Europe construction market expansion. With the rise in environmental concerns and the increasing emphasis on energy efficiency, sustainable construction practices have gained prominence. This includes the use of green building materials, energy-efficient designs, and the integration of renewable energy sources in buildings.
Moreover, the increasing investments in infrastructure development, such as transportation, utilities, and public facilities, are further fuelling the Europe construction market growth. Infrastructure development is essential for economic growth, improving connectivity, and enhancing living standards.
Europe Construction Market Segmentation
The market can be divided based on end use, residential buildings and single units, and country.
Market Breakup by Packaging End Use
- Residential
- Private Housing
- Other Buildings and Single Units
- Healthcare
- Hospitality
- Others
Market Breakup by Residential Buildings and Single Units
- Apartments/Flats
- Detached Houses
- Semi-Detached
- Terraced Houses
- Others
Market Breakup by Country
- Germany
- United Kingdom
- France
- Italy
- Others
Read Full Report with Table of Contents: https://www.expertmarketresearch.com/reports/europe-construction-market
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the Europe construction companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- VINCI SA
- ACS Group
- Skanska AB
- Bouygues Construction
- Hochtief AG
- Eiffage S.A.
- STRABAG International GmbH
- Balfour Beatty plc
- Ferrovial S.A.
- Acciona, S.A
- Others
Read More Reports
African Mango Seed Extract Market- https://www.expertmarketresearch.com/reports/african-mango-seed-extract-market
Elderflower Tea Market- https://www.expertmarketresearch.com/reports/elderflower-tea-market
Gluconolactone Market – https://www.expertmarketresearch.com/reports/gluconolactone-market
Wearable Camera Market- https://www.expertmarketresearch.com/reports/wearable-camera-market
About Us
Acquire unparalleled access to critical industry insights with our comprehensive market research reports, meticulously prepared by a team of seasoned experts. These reports are designed to equip decision-makers with an in-depth understanding of prevailing market trends, competitive landscapes, and growth opportunities.
Our high-quality, data-driven analyses provide the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today’s competitive market.
Don’t miss the opportunity to elevate your business intelligence and fortify your strategic planning. Secure your organisation’s future success by acquiring one of our Expert Market Research reports today.
Media Contact
Company Name: Claight Corporation
Contact Person: Christopher, Corporate Sales Specialist – U.S.A.
Email: sales@expertmarketresearch.com
Toll Free Number: +1-415-325-5166 | +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Website: https://www.expertmarketresearch.com
